Bytom to increase retail space

WSE-listed fashion retailer Bytom plans to increase its total retail space to 9,000 sqm from 8,300 sqm it had at the end of 2014, Michał Wójcik, CEO of the company announced. "I am convinced that 2015 will be a record year in every respect in the company's history and the financial results will translate into an appropriate valuation of shares. I look forward with optimism to the future of the company, which is regaining its luster from the 1970s," said Wójcik. The company's sales revenue amounted to PLN 103.9 million in 2014, compared with PLN 85.3 million in 2013. Its net profit stood at PLN 13.7 million in 2014, while in 2013, it was PLN 7.4 million. At the end of 2014, the Bytom chain had 81 stores with total retail space of 8,278 sqm. In the last year the company opened nine new outlets. Bytom was established in 1945, it has been listed on the WSE since 1995.